Overview

• Timeframe: The system is recommended for use on the M5 timeframe or higher.
• ATR-Based Levels: Take Profit and Stop Loss levels are determined by the Average True Range (ATR), and users can adjust the ATR period according to their preferences.
• Indicator Positioning: The system allows for customization of the indicator's position on the chart using `PosX` and `PosY` parameters.

Buy and Sell Rules

Entry Rules

• Price Crossing Entry Level:
  • Buy: Enter a buy position only when the price crosses the entry level upwards.
  • Sell: Enter a sell position only when the price crosses the entry level downwards.

Trend Recognition

• Buy in an Uptrend: Confirm that the overall market trend is upward before entering a buy position.
• Sell in a Downtrend: Confirm that the overall market trend is downward before entering a sell position.

Additional Notes

• Testing: It is advised to test the system on a demo account initially to understand its behavior and performance.
• Methodology: The JJN-Scalper's methodology is different from that of JJN-Bee, another trading system by the same author.

Implementation Tips

• Ensure that you have a reliable method to determine the overall trend. This could be done through moving averages, trendlines, or other trend-determining indicators.
• Adjust the ATR period to match your risk tolerance and market conditions.
• Always practice proper risk management by adhering to stop loss and take profit levels suggested by the system.

By following these rules and guidelines, traders can potentially increase their chances of successful trades using the JJN-Scalper system.